Friday, May 4, 2012

Telling Chart

Growth of real hourly compensation for production/nonsupervisory workers and productivity, 1948–2011

http://www.ritholtz.com/blog/2012/05/the-wedges-between-productivity-and-median-compensation-growth/

Posted by Quotefish at 08:53
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1 comment:

  1. TinaMay 4, 2012 at 10:41 AM

    Yep.
    That would be one reason I work for myself now. There is now a direct link between productivity and compensation... and I have much more control over both ends of the equation.

    And the piece of pie in the middle of that chart... hmmm... is that what the 1% is consuming?? Compensation for someone else's productivity?

    Seems like a valid reason for the anger of the 99% to me.

    Conservatives get angry about using taxes to keep poor people alive and off the streets... why don't they get angry about this? This also seems an obvious redistribution of wealth away from the group doing the work!

    ReplyDelete

You are not entitled to your opinion. You are entitled to your informed opinion. No one is entitled to be ignorant.

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